In an effort to grow the composite manufacturing cluster in Rhode Island, a $125,000 federal grant was recently given by the U.S. Economic Development Administration (EDA) to the Rhode Island Marine Traders Association.

Increasing production of composites-rich commercial and regional aircraft, along with the development of new composite applications in different industries, are major growth drivers for the testing market in the composites industry.

The global composites testing market was reportedly valued at $1.2 billion in 2016 and is projected to witness a compound annual growth rate (CAGR) of 7.2% over the next five years to reach $1.9 billion in 2022.

Amedica Corp. recently announced its preliminary unaudited earnings report for the fourth quarter and fiscal year ended December 31, 2016, and provided a business update related to its business strategy and certain recent developments.